I've just returned from the Post Office and posted an item that sold for £42. I knew 2nd Class Small Parcel Signed for had gone up and it now costs £5.09. I was expecting this but not until I checked later did I realise that compensation rates have changed. So now 2nd Class Signed For only covers a parcel up to £20 loss or damage. Previously this was £50. To send my £42 item, I would have had to pay £9.95. Almost 25% of the value of the book I sold. No buyer is going to pay that and neither would I expect them to. So any item with a value of £21 to £750 costs £9.95? That's ludicrous. At the high value end that may seem resonable but nearly 10 quid for an item worth say £25? They really are taking the proverbial. I wont sell anything over a value of £20 now. Its simply not worth the risk of Royal Fail losing or damaging the parcel and being out of pocket.
